Update on KhishigjargalKhishigjargal is a 38-year-old woman who trained as a professional plasterer. She lives with her husband and three kids in a "ger" (Mongolian yurt) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her oldest son is a student at university, while the other two attend a local secondary school. Khishigjargal has been operating a shoe-making and -retailing business since 1998, together with her husband.
Khishigjargal sells their handmade shoes at a large outdoor market in Mongolia. Over the past years, they have gained a large number of customers from the countryside; therefore, they make shoes to order as well. Her husband and one assistant make the handcrafted shoes, while Khishigjargal runs the market stall. The business profitability depends on the season, yet the business goes well all the time.
She is requesting a loan of 3,000,000 MNT (Mongolian Tugriks) to make more shoes for this fall season. She is a hard-working woman, who wants to provide her children with an excellent education. She is also one of our very trusted Kiva clients.
Previous Loan DetailsKhishigjargal is a 37-year-old woman who trained as a professional plasterer. She lives with her husband and three kids in a 'ger' (Mongolian yurt) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her oldest son is a student at university while the other two attends local secondary sc... More from Khishigjargal's previous loan »
About TranscapitalTranscapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid